Suntech Says It Received Notice of Default on Bonds Due

An employee inspects a solar panel on the production line at the Suntech Power Holdings Co. Ltd. facility in Goodyear, Arizona. Photographer: Ken James/Bloomberg

March 18 (Bloomberg) -- Suntech Power Holdings Co. Ltd.
said it received notice that it’s in default on its $541 million
in bonds that were due on March 15, triggering default on other
loans it has from Chinese and overseas lenders.

The company based in Wuxi, China, made a statement on PR
Newswire today.